China Hoarding a Record Amount of Gold

(KWN picture)

The amount of gold that China is acuiring is going parabloic. As you can see from the above chart, the Chinese are dramatically increasing both the amount of gold they are producing and the amount of gold they are importing.

Could it be they no longer see fiat currency- most notably the US Dollar and the Euro - as a place to hold their assets? I feel the chart speaks for itself.

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From the past few time as your chart shows, china is growing slowly and steadily in gold market and raising their gold rates.

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No wonder China is also one of the powerful Country especially when it comes to technology. =)